France’s leading dairy co-op group, Sodiaal, is set to acquire French drinking milk trader, Orlait.
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Following an initial minority stake of 10%, Sodiaal will increase this to 51% over the next three years.
Orlait sells around 400 million litres of milk annually and posted a turnover of EUR217m (US$278m) in 2004, the most recent year for which figures have been published.
The company is currently 51%-owned by its CEO, Roger Beguinot with co-operatives accounting for the remaining 49%.
Sodiaal’s brands include Yoplait, Le Rustique and France’s drinking milk market leader, Candia. Orlait’s role within the group will be to market certain categories of product in the Candia range.
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By GlobalDataSodiaal has an annual turnover of close to EUR1.9bn, excluding Yoplait. The company processes 2.2 billion litres of milk annually.
